＜Research＞BOCI Elevates AAC TECH (02018.HK) TP to $39 as On-device AI Drives Improvement in 2025-26 Outlook

　　AAC TECH (02018.HK) +1.700 (+5.667%) Short selling $69.35M; Ratio 27.474% was positive about its role in the AI smartphone trend and the recovery of its optics business, BOCI issued a research report saying.

　　BOCI believed that AAC TECH will continue to be a major beneficiary of AI smartphones, with the on-device AI driving the improvement in its 2025-2026 outlook. BOCI kept rating at Buy, and elevated its target price to $39 from $27.4.

　　BOCI lowered its 2024 EPS forecast for AAC TECH by 1.6% on Apple (APPL.US) 's soft deliveries in 1H24, but raised the 2025-2026 EPS forecasts for the Company by 5%/ 12%, noting that AAC TECH's business is on a solid recovery track.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-03 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)